Tag: BITCOIN

Both the Dow and the bitcoin price flashed green on Friday, as the US stock market fought to extend its two-month winning streak and crypto traders mulled whether a 14-month downturn has finally come to a close. Dow Futures Mount Triple-Digit Recovery As of 8:45 am ET, Dow Jones Industrial Average Futures had gained 105 points or 0.41 percent, implying a 97.37 point jump at the opening bell. S&P 500 futures rose 0.34 percent, and Nasdaq futures climbed 0.42 percent during the bullish pre-market session. On Thursday, the US stock market endured moderate losses, with the Dow falling 103.81 points

nChain CEO Jimmy Nguyen’s bComm Association, an organization which actively promotes Bitcoin SV for merchants, has rebranded itself to the “Bitcoin Association.” While the organization has no members from the wider Bitcoin community but instead lists people like Craig Wright, Calvin Ayre, and David Li, the step signals the belief that “Bitcoin SV is the true Bitcoin.” The new Bitcoin Association, which acquired the handle “BitcoinAssn” on Twitter, offers free membership to businesses and enterprises: If you are a #Business or #Enterprise sign up to The #Bitcoin Association for freehttps://t.co/6kFUt3QEdV@BitcoinAssn @RealCoinGeek @JimmyWinMedia @nChainGlobal @_unwriter @shadders333 @that_bch_guy @ryanxcharles @EdinKuky @DanielKrawisz @BitcoinSVNode

Following a rapid surge in the Bitcoin price from $ 3,614 to $ 4,000 within a span of three days, traders are expecting BTC to retrace by around 7 percent to $ 3,700. The cautious projection on the price trend of the dominant crypto asset comes after the failure of BTC to climb beyond the crucial $ 4,000 resistance level. On February 19, BTC achieved $ 4,000 across major crypto exchanges including Bitstamp and Binance. Shortly thereafter, it fell to the low $ 3,900 region and today, below the $ 3,900 level. What does Will Bitcoin Pullback mean For the Rest of the Crypto Market? The price

Bitcoin investors should not be discouraged by the brutal Crypto Winter because the mass purge is actually good for the long-term health of the industry. That’s the observation of Coinbase investor Alexis Ohanian, better known as the founder of social media network Reddit. ‘This Is the Spring of Crypto Innovation’ Ohanian — the husband of American tennis star Serena Williams — admits that bitcoin is experiencing a prolonged market slump. However, despite the Crypto Winter, he says now is actually the “spring of crypto innovation.” Why? Because the people that remain in the industry after the market crash are die-hard enthusiasts,